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ShipWire Announces $4 Million Series A Investment

Tuesday, October 30, 2007 5:00:00 AM PDT | VentureDeal Staff

LOS ANGELES, CA -- Shipping and logistics company ShipWire formally announced its first institutional financing, receiving $4 million in new venture capital investment.

ShipWire provides small and medium businesses with outsourced shipping and warehousing services.  Through its system, customers can manage inventory and fulfillment online, keeping tabs on their packages in ShipWire's national warehouse network.

Meakem Becker Venture Capital led the round, which included other undisclosed venture investors.  The company said it will use the funds for sales and marketing expansion.

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